Getting an SBA Loan for Painting and Wall Covering

Looking for business loans for painting and wall covering? Try the SBA. This $75,000 painting and wall covering loan was issued by a Georgia bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Century Bank Of Georgia, out of Cartersville, Georgia. The loan was granted and they received $75,000 to help grow their Cartersville, Georgia business.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
CARTERSVILLE, GA 30120

SBA Loan Lender

CENTURY BANK OF GEORGIA
215 E MAIN ST
CARTERSVILLE, GA 30120

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

NAICS Code

235210 - Painting and Wall Covering

Loan Approval Date

10/31/2002

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Century Bank Of Georgia that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Microlending as a Small Business Funding Source

SBA Approved Banks in Cartersville, Georgia

Getting an SBA Loan in Georgia